Inflation measured by the Ministry of Economy was 2.2% in the third week of October

The Secretariat of Economic Policy, under the Ministry of Economy, reported this Friday that the rise in prices in the third week of October – in the run-up to the general elections – would have been 2.2%. In the accumulated of 4 weeks, the price increase continues in the area of 8%,” stressed the head of the Secretariat, Gabriel Rubinstein, in his X profile.In the weekly survey, higher than average increases were observed in the Vegetables (6%), Meats (3.3%) and Clothing (2.4%) categories. And lower in Warehouse Food and Beverages (1.9%) and Fruits (1.6%). Regulated items remained stable.” The weekly increase of 2.2% took place in a context of significant pre-election uncertainty, characterized by increases in the value of financial dollars and concern among many producers, traders and consumers,” the report states. “We would expect that, in a calmer environment, next week it could exhibit slightly more limited price increases,” he adds, based on Sergio Massa’s victory in the general elections held last Sunday with almost 37% of the vote. According to the Secretariat’s measurement, which again clarified that it should not be compared with the one published by INDEC, since it varies in methodology, the price increase in the last 4 weeks would have been around 8.4%, which implies an acceleration of 0.4 percentage points compared to the last survey.

Original source in Spanish